Page 6 - Chief Restructuring News Today

/PRNewswire/ -- Avadim Health, Inc. (the Company), a healthcare and wellness provider, today announced it has reached an agreement in principle to sell...

Share this article Share this article BOSTON, March 4, 2021 /PRNewswire/ -- Second Avenue Capital Partners, LLC ("SACP") (www.secondavecp.com) has provided $6.5 million in debtor-in-possession ("DIP") financing to Solstice Sunglasses, the second-largest sunglass retailer in the United States. The DIP facility delivers supportive capital to Solstice as the retailer commences a restructuring. "The DIP financing package from SACP will aid us as we move through the restructuring process," said KC...

Advertisement: Air Canada has given outgoing CEO Calin Rovinescu one last shout-out. The airline has registered its first Airbus A220-300 after him. The A220 has the registration C-GROV, the ROV tag referring to Rovinescu. In addition, the former CEO’s signature, name, and time served at the airline are distinctively displayed near the flight deck’s windows. Air Canada has registered an A220-300 as C-GROV in honor of former CEO Calin Rovinescu.Photo: Air Canada “Congratulations Calin Rovi...

KLKN-TV NRA filing for bankruptcy, cites ‘toxic political environment’ Despite a pending bankrupt status, officials wrote in a press release that the organization remains financially strong. January 15, 2021 3:48 pm FAIRFAX, Va. (KLKN) — Friday afternoon, the National Rifle Association of America (NRA) announces its plans to file for bankruptcy. Officials say it will be restructured as a Texas nonprofit to “exit what it believes is a corrupt political and regulatory environment.” Desp...

  NRA Leaves New York to Reincorporate in Texas, Announces New Strategic Plan. ALL reporting NRA unedited. NRA Plans to Exit New York to Pursue Opportunity, Growth and Progress in Texas; Plan Benefits Association, Its Millions of Members, and All Supporters of the Second Amendment Fairfax, VA – The National Rifle Association of America (“NRA”) today announced it will restructure the Association as a Texas nonprofit to exit what it believes is a corrupt political and regulatory environmen...

NRA Leaves New York to Reincorporate in Texas, Announces New Strategic Plan Ammoland Inc. Posted on National Rifle Association NRA Fairfax, VA – -(AmmoLand.com)- The National Rifle Association of America (“NRA”) today announced it will restructure the Association as a Texas nonprofit to exit what it believes is a corrupt political and regulatory environment in New York. The move will enable long-term, sustainable growth and ensure the NRA’s continued success as the nation’s leadi...

The organization has been beset by financial troubles for years, living "paycheck to paycheck," according to one analysis.